Registrar
Registration number:
A Osborn & Sons Limited
for the Year Ended 28 February 2025
A Osborn & Sons Limited
Contents
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Company Information |
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Balance Sheet |
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Notes to the Unaudited Financial Statements |
A Osborn & Sons Limited
Company Information
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Directors |
K A Osborn P D A Osborn V G Osborn |
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Company secretary |
K A Osborn |
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Registered office |
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Solicitors |
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Bankers |
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Accountants |
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A Osborn & Sons Limited
(Registration number: 00201933)
Balance Sheet as at 28 February 2025
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Note |
2025 |
2024 |
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Fixed assets |
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Tangible assets |
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Investment property |
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Current assets |
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Stocks |
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Debtors |
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Cash at bank and in hand |
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Creditors: Amounts falling due within one year |
( |
( |
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Net current liabilities |
( |
( |
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Total assets less current liabilities |
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Creditors: Amounts falling due after more than one year |
( |
( |
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Provisions for liabilities |
( |
- |
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Net assets |
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Capital and reserves |
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Called up share capital |
2,000 |
2,000 |
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Revaluation on investment property |
251,415 |
157,869 |
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Retained earnings |
(35,683) |
(12,882) |
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Shareholders' funds |
217,732 |
146,987 |
For the financial year ending 28 February 2025 the company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.
Directors' responsibilities:
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The directors acknowledge their responsibilities for complying with the requirements of the Act with respect to accounting records and the preparation of accounts. |
A Osborn & Sons Limited
(Registration number: 00201933)
Balance Sheet as at 28 February 2025
Approved and authorised by the
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A Osborn & Sons Limited
Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025
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General information |
The company is a private company limited by share capital, incorporated in England and Wales.
The address of its registered office is:
The principal place of business is: Argent House, Little Square, Braintree, Essex, CM7 1UT, England.
These financial statements were authorised for issue by the
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Accounting policies |
Summary of significant accounting policies and key accounting estimates
The principal accounting policies applied in the preparation of these financial statements are set out below. These policies have been consistently applied to all the years presented, unless otherwise stated.
Statement of compliance
These financial statements have been prepared in accordance with Financial Reporting Standard 102 Section 1A smaller entities - 'The Financial Reporting Standard applicable in the United Kingdom and Republic of Ireland' and the Companies Act 2006 (as applicable to companies subject to the small companies' regime).
Basis of preparation
These financial statements have been prepared using the historical cost convention.
These financial statements are presented in Sterling (£), which is the company's functional currency.
Revenue recognition
Turnover comprises the fair value of the consideration received or receivable for the retail sale of goods at art, cultural and music festivals and rental income. Turnover is shown net of value added tax, returns, rebates and discounts.
The company recognises revenue when:
- the amount of revenue can be reliably measured;
- it is probable that future economic benefits will flow to the entity;
- and specific criteria have been met for each of the company's activities.
Tax
Current Tax is recognised in the profit and loss account, except that a change attributable to an item of income or expense recognised as other comprehensive income is also recognised directly in other comprehensive income.
Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.
Tangible assets
Tangible assets are stated in the statement of financial position at cost, less any subsequent accumulated depreciation.
A Osborn & Sons Limited
Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025
Depreciation
Depreciation is charged so as to write off the cost or valuation of assets, other than land and properties under construction over their estimated useful lives, as follows:
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Asset class |
Depreciation method and rate |
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Plant and machinery |
25% reducing balance method |
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Investment Property |
Not provided |
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Computer equipment |
25% reducing balance method |
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Motor Vehicles |
15% reducing balance method |
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Improvements to investment property |
10% reducing balance method |
Investment property
Cash and cash equivalents
Cash and cash equivalents comprise cash on hand and call deposits.
Trade debtors
Trade debtors are amounts due from customers for rents unpaid at the year end.
Trade debtors are recognised at the invoiced amount.
Stocks
Stocks are stated at the lower of cost and net realisable value.
Trade creditors
Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Accounts payable are classified as current liabilities if the company does not have an unconditional right, at the end of the reporting period, to defer settlement of the creditor for at least twelve months after the reporting date. If there is an unconditional right to defer settlement for at least twelve months after the reporting date, they are presented as non-current liabilities.
Borrowings
Interest-bearing borrowings are initially recorded at fair value, net of transaction costs. Interest-bearing borrowings are subsequently carried at amortised cost, with the difference between the proceeds, net of transaction costs, and the amount due on redemption being recognised as a charge to the Profit and Loss Account over the period of the relevant borrowing.
Interest expense is recognised on the basis of the effective interest method and is included in interest payable and similar charges.
Borrowings are classified as current liabilities unless the company has an unconditional right to defer settlement of the liability for at least twelve months after the reporting date.
Share capital
Ordinary shares are classified as equity.
A Osborn & Sons Limited
Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025
Dividends
Dividend distribution to the company’s shareholders is recognised as a liability in the financial statements in the reporting period in which the dividends are declared.
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Staff numbers |
The average number of persons employed by the company (including directors) during the year, was
A Osborn & Sons Limited
Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025
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Tangible assets |
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Office equipment |
Motor vehicles |
Improvements to property |
Other tangible assets |
Total |
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Cost or valuation |
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At 1 March 2024 |
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Additions |
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- |
- |
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At 28 February 2025 |
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Depreciation |
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At 1 March 2024 |
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Charge for the year |
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At 28 February 2025 |
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Carrying amount |
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At 28 February 2025 |
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At 29 February 2024 |
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A Osborn & Sons Limited
Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025
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Investment properties |
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2025 |
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At 1 March |
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Fair value adjustments |
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At 28 February |
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The investment property was sold in October 2025 and the fair value represents the agreed sale price.
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Stocks |
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2025 |
2024 |
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Other inventories |
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Debtors |
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Note |
2025 |
2024 |
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Directors loan account |
- |
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Prepayments |
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- |
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Other debtors |
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A Osborn & Sons Limited
Notes to the Unaudited Financial Statements for the Year Ended 28 February 2025
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Creditors |
Creditors: amounts falling due within one year
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2025 |
2024 |
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Due within one year |
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Taxation and social security |
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- |
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Accruals and deferred income |
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Other creditors |
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Creditors: amounts falling due after more than one year
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Note |
2025 |
2024 |
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Due after one year |
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Directors loan account |
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Share capital |
Allotted, called up and fully paid shares
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2025 |
2024 |
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No. |
£ |
No. |
£ |
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2,000 |
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2,000 |